Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116 Locust St Oakland, OR 97462

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Two Storefront Property, High Ceilings

    Property size:
    1,830 SF

    Property Features for 116 Locust St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,830 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Karissa Pangelina

    Listing Agency: Keller Williams Southern Oregon-Umpqua Valley Listing Agent: Karissa Pangelina

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 116 SE Locust Street in the heart of historic downtown Oakland, Oregon, presents a unique investment opportunity. Spanning 1,830 square feet on a 0.05-acre lot, this building boasts two distinct storefronts ideally situated on a main thoroughfare. One storefront features a fully equipped kitchen area, complete with ample counter space, two bathrooms, a dedicated dishwashing area, and convenient storage. This space is perfect for a restaurant, cafe, or similar food service establishment. The second storefront offers a large, open floor plan, providing endless possibilities for customization and adaptation to a wide range of businesses. Its high ceilings, expansive windows, and exposed brick walls create a captivating atmosphere, brimming with character and charm. The property's prime location within the vibrant downtown area ensures high visibility and accessibility for customers. The asking price for this remarkable property is $350,000. This is a rare chance to own a piece of Oakland's rich history and establish a thriving business in a thriving community. Don't miss this opportunity to own a piece of Oakland's history and create your own success story. The property's unique features and prime location make it an exceptional investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Douglas
    State
    Oregon
    Longitude
    -123.2988
    Latitude
    43.42176

    Nearby Similar for Sale

    • New
      $595,000
      1,697 SF

      Multi-Family Property on Usable Land

      Multi-family property on 9.78 acres with creek frontage.
      721 Cole Rd, Oakland, OR 97462
      View Details
    • $749,000
      5,764 SF

      Oakland Restaurant - Historic Charm

      Iconic Restaurant, 5,764 SF, $749,000
      115 Locust St, Oakland, OR 97462
      View Details
    • $749,000
      5,764 SF

      Oakland Commercial Gem - Historic Charm

      Iconic Restaurant Space, Umpqua Valley Location
      115 Locust St, Oakland, OR 97462
      View Details
    • $349,900
      2,560 SF

      Historic Oakland Commercial Building

      Two Income Streams, Prime Location
      110 Locust St, Oakland, OR 97462
      View Details
    • $550,000
      11,110 SF

      204 Locust St, Oakland, OR 97462

      Commercial real estate • 11,110 SF
      204 Locust St, Oakland, OR 97462
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Two Storefront Property, High Ceilings
    Where is this commercial real estate located?
    The property is located at 116 Locust St Oakland, OR.
    What is the asking price?
    The asking price for this property is $350,000.
    (541) 529-2320
    Request Owner's contact information
    116 Locust St Oakland, OR 97462
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 Locust St
    Oakland, OR 97462
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Locust St Oakland, OR 97462
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karissa Pangelina
    Real Estate License ID: 201231176
    (541) 529-2320 (541) 378-8694
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!